Spot palladium closes up 3% to $1277.47 per ounce

Spot palladium closes up 3% to $1277.47 per ounce

Spot palladium prices closed up 3% on Tuesday, reaching $1277.47 per ounce. The precious metal's price increase comes amidst a broader market rally, with palladium experiencing significant gains in recent weeks. This uptick in palladium prices follows a period of volatility and uncertainty in the global commodity markets.

The palladium market has been driven by a combination of factors, including increased demand from the automotive industry for catalytic converters and supply constraints due to mine closures and production disruptions. The recent price rally in palladium is also influenced by geopolitical tensions and concerns over the global supply chain.

Analysts are cautiously optimistic about the future of the palladium market, noting that the current price levels are supported by strong fundamentals. However, they also warn that any significant disruptions in the supply chain or changes in demand could lead to price volatility.

In other news, Bitcoin (BTC) has rebounded after a substantial decline on Tuesday, reclaiming $118,000. Despite Tuesday’s decline, analysts believe it is unlikely for BTC to see a prolonged correction in the near term. Additionally, Cantor Fitzgerald is closing in on a $4 billion deal with an early Bitcoin supporter to buy billions worth of BTC using a blank cheque vehicle backed by Cantor Fitzgerald.

References:
[1] https://www.fxstreet.com/cryptocurrencies/news/pudgy-penguins-surpasses-2-billion-market-capitalization-overtakes-official-trump-and-spx6900-202507160652
[2] https://bitzo.com/2025/07/bitcoin-price-analysis-btc-rebounds-after-tuesday-decline-reclaims-118000